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US New Home Sales Rise in October

Mohamed Abdelhamid 24 November, 2021 7:21 pm Market Update

Following a 7.1% (downwardly revised from 14.0%) surge in sales in September, New Home Sales in the United States rose by a modest 0.4% in October according to data released by the US Commerce Department showed on Wednesday.

The fresh data indicates rise for the second successive month to the highest level since April amid strong demand and improved supply in recent months.

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